Answer:
A) Accounting for bonds and notes under US GAAP and IFRS is similar.
Explanation:
US GAAP and IFRS do not have the same accounting guideline for bond issue cost:
Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.
Answer:
$22,800
Explanation:
Calculation for the total amount of indirect manufacturing cost incurred
First step is to find the fixed manufacturing overhead portion
Fixed manufacturing overhead portion=$3.00 *5000 units
Fixed manufacturing overhead portion =$15,000
Second step is to calculate the indirect manufacturing cost if 6,000 units are produced using this formula
Indirect manufacturing cost =Fixed manufacturing overhead portion
+ Variable portion
Let plug in the formula
Indirect manufacturing cost=$15,000 + ($1.30*6,000 units)
Indirect manufacturing cost=$15,000+$7,800
Indirect manufacturing cost=$22,800
Therefore the total amount of indirect manufacturing cost incurred is closest to $22,800
Answer:
$15,000,000
Explanation:
The local government comes under the control of state directly. The amount received from local government should be reported in state's investment trust fund.
Answer:
9.73%
Explanation:
the market value of equity = 10,000,000 stocks x $15 = $150,000,000
the market value of debt = 40,000 bonds x $1,150 = $46,000,000
total = $196,000,000
weight of equity = 0.7653
weight of debt = 0.2347
Re = 3.5% + [1.35 x (0.115 - 0.055)] = 0.035 + 0.081 = 0.116
cost of debt = ytm = {36.25 + [(1,000 - 1,150)/40]} / [(1,000 + 1,150)/2] = (36.25 - 3.75) / 1,075 = 32.50 / 1,075 = 0.03023 x 2 = 0.0605
after tax cost of debt = 0.0605 x (1 - 40%) = 0.0363
WACC = (0.116 x 0.7653) + (0.0363 x 0.2347) = 0.09729 = 9.73%
On a spreadsheet there are two types of variables independent and dependent. Independent variables refer to those that can be changed and their value that is changing. A dependent variable is something that remains the same and the value of it does not change.